Kass: Permabulls Wrong

With this morning's jobs release, the Perma-Economic Bulls have been totally discredited.

Since I abhor ad hominem attacks I will refrain from listing them on the Edge. But their glib, unrealistic economic chantings of "Goldilocks," and their refusal to recognize the developing economic weakness represents a unique high in dogma.

Stated simply, the Edge and Jim "El Capitan" Cramer were right.

Sorry for ranting, and in no way am I gloating, but I have continually documented why the U.S. is at the door of a recession, and I've taken, like a gentleman, their incomprehensible mantra of optimism.

We are no longer at the door of recession -- the recession is here, and the market is on the brink.

Let's face the music ... and raise cash.